C-III Capital Partners Inc. formally completed the acquisition of NAI Global, a network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries in more than 350 offices. The terms of the deal were not disclosed, but the companies did say that NAI Global would continue to operate as a separate company under its current management.
"The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company," said C-III Capital Partners CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. "With the NAI Global acquisition, we are gaining the world's leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform."
"This group that acquired NAI Global is a major company that really has a lot of connections and resources worldwide, so this relationship is going to expand our ability through that purchasing group," said Edward Saig, President of NAI Global, in a Memphis Daily News article. "They've been in the business a long time in the real estate industry, and we're very pleased with this acquisition."
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